Question

What is electronic payment system and why is this important?

Answer 1

Answer:

Spending money electronically or online has become a modern system. This has improved the society a lot and even the laziness of the people is increasing. However, due to various activities, people have to spend money by taking advantage of the opportunity to use online. ATM cards, debit cards or credit cards are the best examples. No matter how difficult it is, they are being used for various facilities to make money transactions very easy.

Hope it will help you.